With Over 38% SIP Returns In 5 Years, This Large-Cap Fund Is Good For SIP

Mutual funds are a one-stop-shop for attaining a variety of short and long-term objectives. Mutual Funds enable you not only to diversify your portfolio but also to develop money for numerous life goals. However, to get the desired outcomes, you must periodically review your portfolio. The mutual fund comes in various sub-category that helps the investors to pick and invest that matches their requirements. Among various categories of mutual funds, large-cap funds invest 80% in large-cap stocks. Here, in this fund, we have given insights into one such large-cap fund that has given good returns and outperformed the category annual average returns. The fund has also given good SIP returns over the years.

Aditya Birla Sun Life Frontline Equity Fund - Direct Plan-Growth

This large-cap mutual fund scheme from Aditya Birla Sun Life Mutual Fund is a 19 years old equity mutual fund scheme launched on 31st August 2002. It is an open-ended medium-sized fund of its category. The fund seeks to generate long term returns with a target allocation of 100% equity by aiming at being diversified across various industries and sectors. 

The AUM of this fund is Rs 21671.93 crore. The recent declared Net Asset Value (NAV) of this fund under the Direct Plan-Growth as of 06 May 2022 is Rs 342.68. The fund has an expense ratio of 1.07%, which is close to its category average expense ratio. The fund manager of this fund is Mr Mahesh Patil. 

The fund is a highly risky fund for investment. The fund has been rated 3-star by the CRISIL and has given average performance among peer funds. It has also been rated 2-star by Value Research. The benchmark of this fund is NIFTY 500. For investment in the fund, the minimum amount required is Rs 100 for Lump-Sum as well as for SIP. The Lock-in period is not applicable in this fund, however, ut charges 1% for redemption within 90 days of the investment.

Absolute And Annualised Returns

Lump-Sum Investment Returns

In the last 1-year, the fund has given 12.72% absolute and annualised returns. Whereas, since its inception, it has delivered 13.99% average annual returns. 

Tenure	Absolute Returns	Annualised Returns
1 Year	12.72%	12.72%
2 Year	79.73%	34.06%
3 Year	44.85%	13.13%
5 Year	67.62%	10.87%
Since Inception	239.86%	13.99%

SIP Returns

Tenure	Absolute Returns	Annualised Returns
1 Year	-2.17%	-4.01%
2 Year	18.24%	17.05%
3 Year	28.48%	16.98%
5 Year	38.23%	12.91%

Portfolio

The fund has 96.66% investment in equities of which 76.74% is in large-cap stocks, 8.68% is in mid-cap stocks, and 1.05% is in small-cap stocks. The fund has 0.01% investment in Debt of which, 0.01% in funds invested in very low-risk securities. The fund has the majority of its money invested in the Financial, Technology, Energy, Consumer Staples, and Healthcare sectors. It has taken less exposure in the Financial, Technology sectors compared to other funds in the category. The fund's top holdings are in ICICI Bank Ltd., Infosys Ltd., HDFC Bank Ltd., Reliance Industries Ltd., and Bharti Airtel Ltd.

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.